A Modern City Providence Rhode Island And Its Activities

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47.
FINANCE 209 namely, from $8, 811, 186 to $9, 703, 174. As these have been years of relatively small expenditures for construction, not larger than the city must ordinarily expect to meet from year to year, it would seem that the revenue of the city during the last eight years has hardly been adequate to meet the requirements of a sound system of finance and to keep its debt within the limits which will enable it to meet successfully, without an undue burden of taxation, the de- mand for lar
...ge expenditures for construction which are bound to recur in the future as in the past.
The following table covering the years since the begin- ning of great expenditures for construction will help to throw light on the relation of revenue to expenditure and the changes in the indebtedness at different periods.
EXCESS OF EXPEND- ITURES, FOR ALL PURPOSES OTHER THAN SINKING FUNDS AND PAY- MENT OF DEBT, OVER REVENUE, OTHER THAN FROM LOANS, ( ), OR OF REVENUE OVER EXPENDITURES ( + ).
INCREASE (+) OR DECREASE (-) OF DEBT Gross Debt Net Debtf Funded Floating Total 1870-78.


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